Wilmslow acquired 80% of the equity shares of Zeta on 1 April 2014 when Zeta’s retained ea

Wilmslow acquired 80% of the equity shares of Zeta on 1 April 2014 when Zeta’s retained earnings were $200,000. During the year ended 31 March 2015, Zeta purchased goods from Wilmslow totalling $320,000. At 31 March 2015, one quarter of these goods were still in the inventory of Zeta. Wilmslow applies a mark-up on cost of 25% to all of its sales.

At 31 March 2015, the retained earnings of Wilmslow and Zeta were $450,000 and $340,000 respectively.

What would be the amount of retained earnings in Wilmslow’s consolidated statement of financial position as at 31 March 2015?

A.$706,000

B.$542,000

C.$498,000

D.$546,000

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  • 提问人:00****40
  • 发布时间:2019-01-16
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